Employees: 312
Size Hicon Network Technology (Shandong) (301262.SZ) is a China Communication Services company (Major Telecommunications) with a market value of $1.21B, the 1949th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥24.02 on 6 Nov 2026.
Performance Over six months the shares gained 1.5%, against -17.1% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 1.8% over the last twelve months (peer median +5.5%); the operating margin is 38.5% (peer median 9.4%).
Valuation It trades at 30.8× forward earnings against a peer median of 18.4× (3rd most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 36.2 points above its cost of capital (8.7% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥951M | CN¥935M | CN¥974M | CN¥987M | CN¥1.02B |
| Revenue growth | — | -4% | -1% | -3% | — |
| Gross profit | CN¥522M | CN¥505M | CN¥533M | CN¥537M | CN¥536M |
| EBITDA | n/a | CN¥436M | CN¥432M | CN¥440M | CN¥450M |
| Net income | CN¥349M | CN¥415M | CN¥400M | CN¥410M | CN¥414M |
| Free cash flow | CN¥215M | CN¥394M | CN¥152M | CN¥381M | CN¥276M |
| Capital expenditure | CN¥11.0M | CN¥34.5M | CN¥18.8M | CN¥8.25M | CN¥16.9M |
| Total debt | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
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| Measure | 301262.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.0% | -0.3% | 3rd highest of 21 |
| 6-month return | +1.5% | -17.1% | 7th highest of 21 |
| Distance from 52-week high | -38.2% | -32.0% | 9th lowest of 21 |
| Revenue growth (TTM) | +1.8% | +5.5% | 9th lowest of 21 |
| Operating margin | 38.5% | 9.4% | highest of 21 |
| Forward P/E | 30.8× | 18.4× | 3rd most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 5.4% | 5.4% | 8th least demanding of 15 |
| Growth delivered (Del g) | +0.1% | +7.2% | 4th lowest of 15 |
| Hurdle (Req g minus delivered) | +5.3 pp | +4.1 pp | 8th least demanding of 15 |
| ROIC minus cost of capital | +36.2 pp | -2.7 pp | highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hicon Network Technology (Shandong) 301262.SZ | China | $1.21B | +1% | +2% | 38% | 30.8× | 5.4% | +0.1% |
| Grupo Televisa, S.A.B. Sponsored ADR TV | United States | $1.24B | -18% | +6% | 11% | 9.9× | 1.1% | -7.5% |
| Uniti UNIT | United States | $1.27B | -54% | +200% | 10% | n/a | n/a | n/a |
| Gamma Communications GAMA.L | United Kingdom | $1.32B | +23% | +7% | 15% | 11.9× | -0.4% | +10.4% |
| Guangdong South New Media 300770.SZ | China | $1.37B | +7% | -6% | 37% | 13.8× | -1.5% | +5.9% |
| HKBN 1310.HK | Hong Kong | $1.02B | -25% | +6% | 3% | 10.1× | n/a | n/a |
| Liberty Latin America LILA | United States | $1.73B | +72% | +1% | 17% | n/a | 0.5% | +3.4% |
| RailTel Corp. of India RAILTEL.NS | India | $817M | -31% | +23% | 10% | 18.8× | 31.3% | +25.4% |
| Bahnhof BAHN-B.ST | Sweden | $681M | +12% | +8% | 11% | 25.2× | 10.9% | +8.5% |
| IDT IDT | United States | $2.18B | +54% | +5% | 9% | 19.5× | 5.7% | -2.2% |
| Eutelsat Communications ETL.PA | France | $2.40B | -40% | -1% | -6% | n/a | n/a | n/a |
| ITI ITI.NS | India | $2.53B | -18% | -41% | -1% | n/a | n/a | n/a |
| Shenandoah Telecommunications SHEN | United States | $534M | -40% | +6% | -3% | n/a | n/a | n/a |
| NetLink NBN Trust CJLU.SI | Singapore | $2.87B | -7% | 0% | 22% | 44.5× | 16.0% | +2.3% |
| NOVA Technology 300921.SZ | China | $504M | -32% | +2% | 5% | n/a | 23.9% | +2.2% |
| Ooma OOMA | United States | $497M | -7% | +17% | 5% | 13.0× | 22.7% | +10.1% |
| Liberty Global LBTYB | United States | $3.09B | -17% | -27% | -1% | n/a | n/a | n/a |
| ATN International ATNI | United States | $432M | -1% | +2% | 8% | 31.5× | 4.5% | +9.8% |
| Ovzon OVZON.ST | Sweden | $417M | -26% | +77% | 26% | 18.0× | 13.1% | +35.6% |
| Internet Initiative Japan 3774.T | Japan | $4.05B | +30% | +14% | 9% | 25.3× | 2.3% | +10.2% |
| Lumen Technologies LUMN | United States | $4.12B | -59% | -8% | -3% | n/a | 5.1% | -9.7% |